Commonwealth v. Pennsylvania Threshermen & Farmers' Mutual Casualty Ins.

Opinion by

Mr. Chief Justice Schaffer,

The Act of June 22, 1935, P. L. 414, Sec. 3, 72 PS Sec. 3244, provides: “All personal property of the classes hereinafter enumerated, owned, held or possessed by any resident, ... is hereby made taxable, annually, for State purposes, . . . And provided further, That the provisions of this act shall not apply to . . . life or fire insurance corporations having no capital stock ...”

Appellant, a resident mutual casualty insurance company, against which a tax was assessed for the year 1936 and which owned personal property of the kind enumerated in the act,…